U.S. Global Jets ETF Target of Unusually Large Options Trading (NYSEARCA:JETS)

U.S. Global Jets ETF (NYSEARCA:JETS) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 76,905 put options on the company. This represents an increase of approximately 310% compared to the average daily volume of 18,756 put options.

Institutional Investors Weigh In On U.S. Global Jets ETF

Several hedge funds have recently made changes to their positions in the company. Leuthold Group LLC bought a new position in shares of U.S. Global Jets ETF in the 4th quarter worth approximately $1,095,000. Roxbury Financial LLC purchased a new stake in U.S. Global Jets ETF during the 4th quarter valued at approximately $73,000. Avior Wealth Management LLC grew its stake in U.S. Global Jets ETF by 656.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its position in shares of U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after buying an additional 92,939 shares in the last quarter.

U.S. Global Jets ETF Stock Up 1.6 %

U.S. Global Jets ETF stock opened at $26.07 on Wednesday. The company has a market capitalization of $1.66 billion, a PE ratio of 26.39 and a beta of 1.18. U.S. Global Jets ETF has a twelve month low of $16.48 and a twelve month high of $27.10. The firm has a fifty day simple moving average of $25.59 and a two-hundred day simple moving average of $22.29.

About U.S. Global Jets ETF

The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.